WOW ...I can relate to that!@!!

In my experience, the dollar always gets weaker whenever it's time for me to withdraw money for rent.

I am listening to the financial news as I type.

The currency market closed at:

1.00 EUR
=
1.55618 USD yesterday.

The expects are predicting that the dollar will rebound. Let's hope.

BUT - it won't be all that much!

I remember reading about sites where you buy Euros at a forward fixed price (obviously guessing that it will go up). I never read more into it, though I should when I heard about these sites back when it was 1.2 to 1

It is still hard to believe it can go much past 1.5 or 1.55 so I'm not sure if it is worth it anymore.

The Fed is lowering rates and the last rate change was the biggest LOWERING in some time.

ROB -- I read as many economic reports as I can stomach. I am even re-reading Adam Smith.
Beginning to think we should invest in crystal balls and call it a day.
The Euro/Dollar rate improved .... but so VERY little because of Germany's just released economic data.

Give me a break -- this must heralded $$$ hike was a centime.
It isn't going to get any of us far.

I use the same currency converter as you....

This seems like a good topic to resurrect....
Has anyone run across any predictions of where the rates are headed? The exchange is killing me at the moment -- I've seen a few predictions that it's at its worst now, but I'm not sure how much hope to put on that:
http://www.forecasts.org/euro.htm

Also, any good resources for cheap ways to buy currency, or monitoring rates? I've been using xe.com; curious to hear of other options.

-Rob

SG raises a fair point--it was worse a year ago. The Fed did raise rates, and will again, but with US import/export imbalance a weak dollar may be good for the US. Just bad for me, at the moment! Time to economise...

Unless interest rates rise again in June, it will probably stay around where it is now. It was worse a year ago.

Stacy - and they are with possibly the exception of the French and the on-going VISA problem when entering the US.

I am currently in Washington, DC and the stores are packed with European tourists buying so many clothes -- especially now that the Memorial Day sales are in full force!

Everything I've read has suggested that it will continue to weaken for quite some time.

For me, when living in Paris with my income in dollars, my rent (which I paid in euros) effectively increased $65 between March 1 and May 1.

Even when my mother was visiting for three weeks in April/May, when the dollar started to sliiiiide we watched her purchasing power go down steady. She wasn't spending huge amounts of money so it wasn't going to make or break her trip, but it was still frustrating to know that relative prices were going up.

Everyone overseas needs to take advantage of the exchange rate to come to the US and put their euros into our economy!

I am no economist but some of my more intellectual friends who know about money predict the dollar will weaken. Bad news for people visiting France. Good news for those who own real estate and don't have a killer mortgage!

Came across this page and thought others might benefit from it.

http://www.fxcmtr.com/news-and-charts/curr...st-eur-usd.html

What is your prediction for the dollar/euro exchange rate (currently ~1.27)?